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Go

Stuttafords dies on 1 August. There are lessons to learn

The 159-year-old icon failed to evolve. Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.

stutjpg
stutjpg
| 1314 days ago

Stuttafords will shut up shop on 1 August.

The iconic giant could not evolve.

What do we learn from this?

The Money Show’s Bruce Whitfield interviewed Aurik Business Accelerator founder Pavlo Phitidis.

_Listen to the interview in the audio below (and/or scroll down for quotes from it). _

Arguments are often why family-owned businesses don’t make it to the second generation.

Pavlo Phitids, Aurik Business Accelerator

Stuttafords had a great business model.

Pavlo Phitids, Aurik Business Accelerator

They created a wonderful experience. But things have changed.

Pavlo Phitids, Aurik Business Accelerator

Stuttafords is South Africa’s Kodak.

Pavlo Phitids, Aurik Business Accelerator

Focussing on a niche lends itself to a very successful click-and-mortar business.

Pavlo Phitids, Aurik Business Accelerator

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This article first appeared on 702 : Stuttafords dies on 1 August. There are lessons to learn

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